Australian thoroughbred racing
Value Analysis
Compare calibrated model probability with timestamped market prices
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Win value
EV = probability × decimal price − 1
- Fair odds from calibrated probability
- Timestamped win price and liquidity
- Configurable minimum expected value
Place & each way
Separate stakes and settlement terms
- Place probability uses actual paid places
- Each-way ROI uses the full two-unit stake
- No payout comparisons across unequal stakes
No-bet safeguards
Quality gates override apparent edge
- Stale odds or insufficient liquidity
- Incomplete data or weak reliability
- Small historical sample or missing price